$BTC
I am someone who runs a bar, lying flat and indulging in pleasures. The road to trading is full of ups and downs, but I have everything I should have, and what I say below may not be entirely correct, but it is definitely sincere.
1. Holding onto a losing position is definitely wrong. No matter how sufficient, correct, or flawless your reasons are, wrong is wrong. Holding on until the end leads to a complete loss; I have held onto positions and faced losses, so I understand the feelings involved.
2. Contract trading is just a transition. The only difference between contracts and gambling is that in gambling, you know you are gambling, while in contract trading, you don’t realize you are actually gambling. Contracts are just a way to transition from small capital to large capital; they are definitely not the only way. The ultimate destination of crypto trading must be spot trading, not contracts.
3. Once the arrow is shot, there is no turning back, but contracts allow for (timely stop-loss). If you clearly know it's wrong, why persist? If you clearly know it's right, why exit early? Holding onto a loss is wrong, while taking profits too early is also a mistake. Trading is not done this way; you need to hold on and implement timely stop-losses.
4. No one can always rely on luck to make money; heavy investments lead to demise. The money earned through luck will eventually be lost due to your luck running out. Trading is a zero-sum game, a clash of countless opponents, so after making money through luck, the focus should not be on how to earn more next time, but rather on how to avoid losing what was made this time. The money earned from heavy investments is not the money you currently have; it is money that you should have earned in the future, which you have earned too soon. Therefore, you will also lose it too soon.
5. No one can be single forever. Everyone enters this circle of trading with one purpose: to make my current life a little better, to gain more freedom, and to have more choices. You are trading cryptocurrencies, not the cryptocurrencies trading you. Everyone makes mistakes and everyone is correct at times. However, without your own system, you will always make more mistakes than correct decisions. Since you have chosen this path to improve your life, please take the time to learn some technical skills that are necessary in this circle; it will definitely be helpful for you.
With the money lost due to your own abilities, please earn it back with your own abilities in the future!